Equifax says myFICO is a hard inquiry but...

Equifax says myFICO is a hard inquiry but...

myFICO maintains it is soft.

I ordered the Score Watch product and found an inquiry I wanted to dispute. Called the Equifax bureau number on the myFICO report, and the Agent (who spoke in a heavy foreign accent) told me to call the creditor directly and then before hanging up told me that there was an inquiry from today. He told me it was from myFICO. True, I did sign up for the program but why the Agent said it was a hard inquiry had me plexed.

I called myFICO and the Agent told me Equifax was wrong. When I told her that it's difficult to not believe the bureau themself she said to trust her and then she backed it up by directing me to the part in the inquiries page that explains no inquiries are displayed that are of zero consequence. That seems to be believable, too.

So, when you all review your full credit reports does myFICO appear in the soft or hard inquiry category?

Thanks in advance!

GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.

Re: Equifax says myFICO is a hard inquiry but...

I signed up for Scorewatch 11/15/2011. I pulled my second Scorewatch report 10/16/2012.

I pulled my EQ report from annualcreditreport.com on 10/22/2012. The Inquiries section of the EQ report reads like this:

EQUIFAX 10/22/2012

FAIR ISAAC 10/16/2012, 11/15/11

ND-FAIR ISAAC 11/15/11

EQUIFAX or EFX Inquiries with these prefixes indicate Equifax's activity in response to your contact with us for a copy of your credit file or a research request.

ND Inquiries with this prefix are general inquiries that do not display to credit grantors. (ND inquiries remain for 24 months.)

Now I'm confused. It looks like myFICO did a soft AND hard pull when I initially signed up for Scorewatch, then did a hard pull when I got the second report. That doesn't sound quite right. Can someone explain?

Re: Equifax says myFICO is a hard inquiry but...

See? That's why I'm so curious. I know it's supposed to be soft but it's peculiar to me the bureau says otherwise. myFICO isn't extending credit so soft makes sense. I guess we need more proof from those that have the service and have reports run some time after the pull.

GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.

Re: Equifax says myFICO is a hard inquiry but...

I signed up for Scorewatch 11/15/2011. I pulled my second Scorewatch report 10/16/2012.

I pulled my EQ report from annualcreditreport.com on 10/22/2012. The Inquiries section of the EQ report reads like this:

EQUIFAX 10/22/2012

FAIR ISAAC 10/16/2012, 11/15/11

ND-FAIR ISAAC 11/15/11

EQUIFAX or EFX Inquiries with these prefixes indicate Equifax's activity in response to your contact with us for a copy of your credit file or a research request.

ND Inquiries with this prefix are general inquiries that do not display to credit grantors. (ND inquiries remain for 24 months.)

Now I'm confused. It looks like myFICO did a soft AND hard pull when I initially signed up for Scorewatch, then did a hard pull when I got the second report. That doesn't sound quite right. Can someone explain?

Your above comes from the soft inquiries section of your full EQ report. These are softs and not hard inquiries. It's normal.

Re: Equifax says myFICO is a hard inquiry but...

llecs wrote:

Your above comes from the soft inquiries section of your full EQ report. These are softs and not hard inquiries. It's normal.

You are CORRECT!

Since I didn't have any hard inquiries during the prior 2-year period, I only had 1 section of Inquiries listed with the sub-heading "Inquiries that do not impact your credit rating". Thus, all the inquiries I posted previously were soft. I stand corrected, and happily so

Re: Equifax says myFICO is a hard inquiry but...

OK thanks. I guess the EQ Agent was uninformed. While he says the myFICO hit today was hard I guess he was wrong. I'll pull my report next quarter and see what's on it. Thanks all!

GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.